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Tax Fact: Taxable Income is BELOW your Gross Income.
Tax Facts
Red Rock Tax Accountant

Did you know….. Your taxable income is below your gross income. What??


Some taxpayers assume if they make $50,000, they’ll be taxed on $50,000 in income—- but this isn’t the case. The salary you earn from your employer is called your gross income. You’ll need to make adjustments to your income and claim any deductions and credits that you’re entitled to claim in order to arrive at your taxable income. Your taxable income determines what your tax bracket is and how much you’ll actually owe to the IRS.

Reach out to us here at Red Rock Tax & Consulting in Hurricane Utah and let us help you with a better financial future. Call us at 435-635-2494 and we can set up that free 30-minute consultation!

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Have any questions, give us a call here at Metro Tax & Financial Services.
We are here to help you get through the stress of taxes!

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